Today’s trading opened like a continuation of the day before. Wheat corn and soy all opened lower with just the livestock complex in a more bullish mood. However, by the end, most contracts ended the session in the plus column with the exception being soymeal. The mood seemed to be a continuation of profit-taking off amidst over-bought conditions. The turnaround later in the session was modest at most. Only the livestock complex and soyoil appeared to hold positive throughout most of the day. At this juncture, there are no new emerging fundamentals to provoke anything large. The weather patterns remain consistent. There is a chance for some showers in otherwise parched southern Brazil (Parana, Santa Catarina, Rio Grande do Sul), but...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.